Mount Yale Investment Advisors LLC Has $334,000 Position in Nordson Co. (NASDAQ:NDSN)

Mount Yale Investment Advisors LLC lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,218 shares of the industrial products company’s stock after selling 52 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Nordson were worth $334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam increased its holdings in shares of Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Quent Capital LLC raised its position in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Nordson in the 1st quarter valued at approximately $55,000. Christopher J. Hasenberg Inc acquired a new stake in Nordson in the 1st quarter valued at approximately $58,000. Finally, Crewe Advisors LLC acquired a new stake in Nordson in the 1st quarter valued at approximately $67,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NDSN shares. StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson decreased their price target on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Robert W. Baird decreased their price target on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average target price of $279.40.

Nordson Stock Performance

Shares of NASDAQ NDSN traded down $0.73 during midday trading on Monday, hitting $245.22. 153,432 shares of the company’s stock were exchanged, compared to its average volume of 232,338. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The company’s 50 day moving average price is $233.79 and its 200 day moving average price is $253.26. The firm has a market capitalization of $14.04 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last issued its earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The company had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. During the same period in the previous year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts predict that Nordson Co. will post 9.52 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio is 32.42%.

Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.